Sentences with phrase «move fiat payments»

The revelation suggests Western Union may be looking to use a system like Ripple to move fiat payments between customers in a similar manner as Align Commerce, which uses the bitcoin blockchain as means to remit payment across borders where it is exchanged locally.

Not exact matches

(It's important to note that Ripple's digital payment network, unlike bitcoin, does not only transmit its native digital currency, but can also be used to move traditional fiat currencies back and forth.)

This milestone simply refers to the platform's «ability to move in and out of fiat and an interface to the Omise payment gateway».

Other settlement layers like Ripple, Stellar or the defunct Falcon Protocol don't actually move value and are no different than using a MySQL database... they are cryptocurrencies which may be better than bitcoin for payments but have no liquidity and address none of the above - noted use cases regarding creating decentralised fiat pegged cryptocurrencies, «great for banks but not for remittance providers» says Bitspark.

Likewise for sellers, UTRUST has created a platform that eliminates volatility issues by moving the crypto payment into fiat currency at the moment of the transaction.

Payments firm Dwolla is severing its ties with bitcoin exchanges and services, cutting off a major route for moving funds between the virtual currency and its fiat cousins.